Cerner Settles Dispute With $106.2 Million Payment

Cerner signage at a Healthcare Information and Management Systems Society conference | Photo from Cerner on Facebook
Courtesy of Cerner

Cerner Corp. settled its dispute with a North Dakota hospital by paying $106.2 million, the North Kansas City-based health care information technology company said. The payment comes as a result of an arbitration ruling from Cerner’s battle over a patient accounting product that Trinity Medical Center in Minot, N.D., purchased in 2008.

Financially, the ruling’s impact would reduce earnings for Cerner by 18 or 19 cents a share, the company said in December. This amounted to just more than $68 million after being reduced by a tax benefit.

Read more from the Kansas City Star


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